Reserve Bank of India's (RBI) deadline to banks to stop transactions with cryptocurrency exchanges is expiring today. The RBI in April had given a three-month buffer period to entities to end their business relationships with cryptocurrencies.
- RBI's deadline to banks to stop any relationship with cryptocurrency exchanges expires on Thursday
- However, this is not the death of cryptos in India as RBI has only banned banks from associating with cryptocurrency
- Exchanges or cryptocurrency companies now won't be able to avail loans or hold account in banks.
Source:
economictimes timesofindia
